State Socialism in 1920s/1930s Italy

I have noted in my past blogs how the government has set wages of some employees. How they fire some employees, as the feds have done with General Motors and Chrysler. Or how bank management are controlled. Boeing was told where to build a new plane in order to give preference to its union employees.

This happens with excessive federal government politics, and it is one of the problems encountered in such forms of state socialism.

If you think I am exaggerating, look up the discussion of state socialism in an encyclopedia. Review your history of Italy under Benito Mussolini in the 1920s and 1930s.

It will be an eye-opener for every American today, who worries about the government controlling or influencing industry. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)